Investment Policy Review - Dominican Republic

image of Investment Policy Review - Dominican Republic

Foreign Direct Investment (FDI) has had a presence in the Dominican Republic since as early as 1890 and has played a prominent role in its economic development. A new ambitious development goal has now been set that focuses on making the country a regional leader in high-value-added manufacturing and services. In light of this objective, United Nations Conference on Trade and Development (UNCTAD) carried out this Investment Policy Review. It provides an overview of FDI trends and impact, examines the investment framework and proposes a new investment promotion framework.



Summary of findings and recommendations

The Dominican Republic has long been receptive to FDI, except for a period of nationalizations in the 1950s and subsequent entry restrictions in selected industries. Export manufacturing in free zones and tourism development have received rising levels of FDI for more than 30 years, leading the Dominican Republic's diversification from an agricultural commodities-based economy. This has been the major impact of FDI on the Dominican Republic's development. It has introduced new competencies in producing for international markets.


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